GM to Invest $500M in Argentina Facility

Over the next three years, $300 million is set to be invested by GM itself, with the additional $200 million coming from the company’s supplier network.

by Staff

October 30, 2017

1 min to read

A $500 million dollar investment in General Motors' (GM) Argentina-based plant will help fund manufacturing for a new 2020 Chevrolet-branded model, Reuters reported.

Over the next three years, $300 million is set to be invested by GM itself, with the additional $200 million coming from the company’s supplier network.

The Alvear plant, which is located in Santa Fe, will increase its importing and exporting operations out of the Terminal Puerto de Rosario, reports Automotive Logistics.

About 6,000 containers and 1,500 vehicles are moved in and out of the port each year. Once the investment is complete, the annual container volume is slated to double and the import and export of vehicles is expected to be well over 100,000 a year.

In March, Argentina's government made a deal with labor unions to increase vehicle production to 1 million per year by 2023 to help create more competitive labor arrangements.

GM invested $740 million in the plant between 2014 and 2016.

The latest investment announcement comes as Latin America’s third largest economy is beginning to rebound following a recession last year in both Argentina and Brazil, a major export destination.

In August, the GM announced a $1.4 billion investment in its Sao Caetano do Sul, Joinville, and Gravatai facilities in Brazil.

Topics:Brazil Global General Motors Argentina Global Fleet

More Global Fleet

Cover of a whitepaper titled “The Hidden Costs of Departmentally Assigned Vehicles on Your Fleet” featuring a black fleet vehicle driving on a road at sunset. Subheadline reads: “Discover how your fleet can reduce costs and minimize risk by implementing vehicle sharing.” The document focuses on fleet optimization, vehicle sharing, cost reduction, utilization tracking, and risk management for fleet operations.

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools

Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.

Fleet Costs Are Rising: Here’s How Leaders Are Responding

Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.